8 replies to this topic

[A-ha]

Now we know the reason behind the strength in energy stocks this morning... While this could be bad for the market, it may help indices higher for a while, particularly SPX... BTW, today New York feels like Siberia, it is the coldest day of the winter.

Edited by xD&Cox, 17 January 2007 - 11:14 AM.

[dasein]

BTW, today New York feels like Siberia, it is the coldest day of the winter.

Please, XD, not even as cold as "mild" St Petersburg, let alone Siberia where -30 is not uncommon - we havent gotten under 0F yet, and we normally have a couple of those by now.

$5.50-6 gas looks like support but I think we could get a dip as far down as 46-47 for CL -

klh

[dcengr]

Now we know the reason behind the strength in energy stocks this morning...

While this could be bad for the market, it may help indices higher for a while, particularly SPX...

BTW, today New York feels like Siberia, it is the coldest day of the winter.

If you read my article on the dust bowl of the 30ties and then the dust bowl from china in 2001, you may have surmised that around this time, we would start facing severe weather patterns.

I'm gonna read more upon this time period.. the 30ties was the bull market after the great bear, and I figure this period is analogous as well. 30ties also saw big rise in food prices as we're seeing now.

Unfortunately, the period after 37 started civil wars, then culminating in a world war... rise of conservatism, fascism, socialism.

We are currently seeing rise in socialism in latin american countries. If china's economy collapses, I believe there's going to be some really bad things going on between taiwan and china.. with US in the middle.

[ed rader]

Now we know the reason behind the strength in energy stocks this morning...

While this could be bad for the market, it may help indices higher for a while, particularly SPX...

BTW, today New York feels like Siberia, it is the coldest day of the winter.

\

my cats' water bowl was iced over the other morning. i've never seen that here before. in fact i've never seen a cold snap last this long, and that heat wave last summer was the hottest and longest i've ever seen here .

ed rader

Edited by ed rader, 17 January 2007 - 11:34 AM.

[IndexTrader]

Now we know the reason behind the strength in energy stocks this morning...

While this could be bad for the market, it may help indices higher for a while, particularly SPX...

BTW, today New York feels like Siberia, it is the coldest day of the winter.

Like I told you earlier, it's never cold until it's cold in NYC.

IT

[maineman]

Fair 4°F
Feels Like
-14°F Updated Jan 17 11:45 a.m. ET

What about us? First "normal" day of winter this year!
That sun is about as bright as it gets..... its absolutely beautiful out!
My dog, on the other hand, refused to go out. Looked up at me and said, "You're kidding, right?"

mm

[PorkLoin]

No pronouncement of a grand bottom here, but cyclically we could be ready for a period of relative strength.

Oil has gone from practically $80 to $50, a nice Fibonacci 38% decline in absolute terms, and almost 50% of the entire big rise from the 2001 low to the 2006 high. Natural Gas has been holding up pretty well, considering.

I think people have been panicking out of many energy issues lately, and that it probably constitutes selling near the bottom. We shall see.


Best,

Doug

[Cirrus]

As LT bullish as I am I haven't loaded up yet. I'm waiting to get a little closer to spring as I think we'll see one more surge down in NG that will impact CL some. I am long and have been long some select CanRoys based solely on valuation and fundamentals. My entry points are pretty good so on the whole I'm about even right now on the entire basket. I only add on weakness there though and am planning on accumulating a sizeable position there. FWIW I think the CanRoys bottom first as the news backdrop has continuaously pounded the sector for 4 straight months. Some stories include trusts that have fallen from 24 to 5.75 in 16 or so months as selling creates more selling. Now obviously this specific situations involves other factors but if you nose around the sector I believe there is some nice LT value beginning to emergy and you can collect between 9 to 20% dividends while waiting for the energy cycle to turn. Obviously the dividends will come in some if crude and NG prices continue dropping but much seems to be already discounted.

[Sentient Being]

I'm long oil/gas and a general commodity fund. Nice to see things moving to the upside, but it needs to go a bit more to get me back to break even. Nice cold day here, finally. And snow on the ground by this weekend.....very strange not to have seen the numerous snowstorms we normally have by now. I'm hoping we have some sort of oversold bottom that will give me a chance to walk away with some profits.